Harald Krueger, BMW AG chief executive officer, discusses the company's relationship with the Trump administration and its electric-vehicle plans from the 2018 Los Angeles Auto Show on "Bloomberg Markets: The Close.

BMW is betting on China, paying more than $4B to boost its stake in its joint venture with Brilliance Automotive.

German carmaker BMW said it will raise the prices of two U.S.-made crossover sport-utility vehicles in China to cope with the additional cost of tariffs on U.S. car imports into the world’s biggest auto market.

Brilliance China Automotive Holding Ltd., BMW AG’s Chinese partner, has slid 20 percent since news emerged on July 12 about the German luxury-car maker's potential plan to raise its stake in the companies’ joint venture.

Bloomberg's Christine Harvey takes a look at some of the big stories of the day on "Bloomberg Daybreak: Middle East."

In its debut year, Hyundai’s luxury line bumped Volkswagen AG’s Audi from top billing to the No. 2 spot, with premium mainstays BMW, Toyota Motor Corp.’s Lexus and VW’s Porsche rounding out the top five.